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by pjc50 1314 days ago
Tories are absolutely itching to cancel HS2 at the point just after all the money has been spent and disruption incurred, but before the benefits can be realized. It's like the cancellation of the UK's space programme at the exact moment they were about to do their first (and in the end only) launch. https://en.wikipedia.org/wiki/Black_Arrow
1 comments

Not really the ‘tories’ just some of them. The northern Tory MPs certainly want it. It is funded by long dated bonds. Not immediate taxation as it’s a nationally significant capital project. So cancelling bits of it looks good on paper only but makes zero immediate impact.

As a Return on investment, every pound spent in the south east on infrastructure returns 5 times or more in the local economy compared to the rest of the Uk, which is how these projects are prioritised.

https://www.gov.uk/government/publications/hs2-phase-one-ful...